The BSE Crisis and the Price of Red Meat in the UK

John Leeming and Paul Turner ()

No 2003002, Working Papers from The University of Sheffield, Department of Economics

Abstract: This paper presents estimates of price functions for beef, lamb and pork for the UK economy which allow for the effects of the 1996 BSE crisis. Our estimates illustrate the importance of allowing for the joint endogeneity of prices in these markets. We show that the effects of this crisis had a significant negative effect on the price of beef and a positive and significant effect on the price of lamb. However, there appears to have been little effect on the price of pork.

Keywords: Demand for red meat; endogenous regressors; BSE crisis. (search for similar items in EconPapers)
JEL-codes: C32 Q11 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2003-03, Revised 2003-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: The BSE crisis and the price of red meat in the UK (2004)
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